RCPS is just another form of warrant. Convertible preference shares. It will have maturity date and conversion price. So Eduspec is just raising funds from the RCPS. No big deal. Even now companies that are giving bonus shares also dead. Look at paramon give bonus shares and free warrants drop from 1.79 until now 1.29. Somemore giving RM 177m for dividend.
Issuance of up to RM 60 million worth of RCPS. RCPS is a Preference Share when listed it will be Eduspec-Pa. You will have to subscribe for it before you can get any free warrants. Preference share is like a warrant. It carries a conversion price and maturity. Meaning if you don't convert when it matures then it is considered burnt.
The rcps to issue to AOF, at an interest of 2 %per annum, and the subscribers AOF n partners have the Right to convert to eduspec at a discount. Share holders are entitled for the free warrants Only, NOT the rcps,
Talked n cheers a lot, but never understand the proposal
Please, understand what Is AOF n Advance capital partners. Also the pass records of lending fund to distressed listed companies like Alam n xinghe n some more.
Jaynetan watever funds in this world they exist to make monet and not charity. Alot of them are invisible syndicates too. So don't think too much into it. As long they can jump start eduspec in near term good liao
Farhan Kamal, we can’t answer you as to when we can get the free warrants as it will pending announcement for the management of Eduspec. They have to answer to your question
Proposed 600 000 k rcps 10sen @ 2% interest per annum to AOF Convertible 80% market price, min 2 sen Rcps in 4 tranches 600 000 k can convert to max 3000 000 k shares
@jaynetan I m shock to read above two comments. Pls understand properly the issuance of rcps is to AOF. Not to share holders. No Such thing as eduspec PA!
ROFLMFAO! @cksam exposed as a fraud at last! Schadenfreude at the expense of this half-baked dimwit wannabe-analyst @cksam is an amazingly tasty treat indeed! Ah, the good life, as I lean back on my La-Z-Boy sipping on a silver goblet filled with @cksam’s tears!
Posted by jaynetan > Aug 23, 2019 10:33 PM | Report Abuse
Proposed 600 000 k rcps 10sen @ 2% interest per annum to AOF Convertible 80% market price, min 2 sen Rcps in 4 tranches 600 000 k can convert to max 3000 000 k shares
Bonus warrants 1 for 2 , for share holders only
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Posted by rhinos > 2019-08-22 05:37 | Report Abuse
Yes agree..tayor